My iPhone 3G fell in a drink

I know, I know. When I upgraded to the 4, I gave my old 3G to my roommate. Well, he said it fell in his drink and "it could have been in there for up to an hour"! It's been in rice for 3 days and you can still see water in the screen. Anyone know how much it is to replace? I still want the 3G becuase I'll give it to my son as an ipod.

Anyone know how much it is to replace?
Have a look here. http://www.apple.com/support/iphone/service/faq/#warranty7

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